Having an urgent need for money ?
Bharat Bank’s loan against NSC/KVP/LIC/Bharat Bank Fixed Deposit allows you to unlock the potential of your investments without selling /withdrawing it.
In how many years can I repay the loan amount?
- Against NSC/KVP - Maximum Tenure as per their balance residual period.Other than Bullet Repayment – Repayable in 12 Monthly or Equated Instalments
- Against Surrender value of LIC - Maximum Tenure 60 Months
- Overdraft Limit – 12 Months (Annual Review)
What is the purpose of the loan against securities ?
The funds against NSC/KVP/LIC loans can be used for weddings, education, business expansion or any other similar or legimate purposes.
What is the margin for loans against securities?
The margin for loans against security is- 25% of the Face Value of NSC/KVP
- 10% of the Surrender Value of LIC Policies
- 20% - Other Government Securities
What kind of security is required?
- Pledge of NSC/KVP/ Other Govt Securities
- Assignment of LIC Policy
In how many years can I repay the loan amount?
Till Maturity of the Concerned Deposit
What is the purpose of loan against deposits?
The funds from loans against Depositscan be used for weddings, education, business expansion or any other similar or legitimate purposes.
What is the rate of Interest for loans against Deposits ?
The rate of Interest for loans against Deposits is 1% above the FD/RD ROI in case of Self Deposit